Governance structure
Current: Company with an Audit & Supervisory Board; proposed change: Company with an Audit & Supervisory Committee (scheduled for 24 June 2026)Change from the current Company with an Audit & Supervisory Board to a Company with an Audit & Supervisory Committee. Provisions concerning the Audit & Supervisory Board and Audit & Supervisory Board Members will be deleted, and provisions concerning the Audit & Supervisory Committee and its members, as well as provisions concerning the delegation of authority to directors, will be newly established.
| Item | Details |
|---|---|
| Corporate Governance Structure | Current: Company with an Audit & Supervisory Board; proposed change: Company with an Audit & Supervisory Committee (scheduled for 24 June 2026) |
| Number of directors | Proposed change: no more than 10 directors who are not Audit & Supervisory Committee members and no more than 6 directors who are Audit & Supervisory Committee members. Maximum total: 16 directors. Number of outside directors: not disclosed |
| Committee | An Audit & Supervisory Committee will be established. Outside directors will constitute a majority of the committee. Nomination Committee and Compensation Committee: not disclosed |
| Changes this time | Change from the current Company with an Audit & Supervisory Board to a Company with an Audit & Supervisory Committee. Provisions concerning the Audit & Supervisory Board and Audit & Supervisory Board Members will be deleted, and provisions concerning the Audit & Supervisory Committee and its members, as well as provisions concerning the delegation of authority to directors, will be newly established. |
Items this document does not state (4)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To improve management transparency, enhance and strengthen the corporate governance structure, accelerate decision-making, and achieve sustained growth in corporate value. The supervisory function of the Board of Directors will be strengthened through an Audit & Supervisory Committee composed of a majority of outside directors, while the delegation to directors of authority to make decisions on the execution of operations within a certain scope will accelerate decision-making and execution.